Joyson Thomas Purchases 3,000 Shares of WhiteHorse Finance (NASDAQ:WHF) Stock

WhiteHorse Finance, Inc. (NASDAQ:WHF) CFO Joyson Thomas bought 3,000 shares of the stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $6.62 per share, for a total transaction of $19,860.00. Following the purchase, the chief financial officer owned 25,001 shares in the company, valued at approximately $165,506.62. This represents a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

WhiteHorse Finance Trading Up 2.7%

NASDAQ:WHF opened at $6.80 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.23 and a quick ratio of 2.23. WhiteHorse Finance, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $9.66. The stock’s 50-day moving average is $7.35 and its two-hundred day moving average is $7.11. The stock has a market cap of $146.95 million, a PE ratio of 16.59 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). WhiteHorse Finance had a net margin of 13.46% and a return on equity of 9.47%. The business had revenue of $15.90 million for the quarter, compared to analysts’ expectations of $16.35 million. As a group, equities research analysts forecast that WhiteHorse Finance, Inc. will post 1.03 earnings per share for the current fiscal year.

WhiteHorse Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.7%. The ex-dividend date of this dividend is Thursday, May 21st. WhiteHorse Finance’s payout ratio is 243.90%.

Analyst Ratings Changes

Separately, Weiss Ratings raised WhiteHorse Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, WhiteHorse Finance has an average rating of “Reduce” and an average price target of $7.75.

Hedge Funds Weigh In On WhiteHorse Finance

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new stake in shares of WhiteHorse Finance in the 4th quarter valued at approximately $44,000. HUB Investment Partners LLC bought a new stake in shares of WhiteHorse Finance in the 3rd quarter valued at approximately $75,000. Norden Group LLC bought a new stake in shares of WhiteHorse Finance in the 4th quarter valued at approximately $76,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of WhiteHorse Finance in the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 13.20% of the company’s stock.

About WhiteHorse Finance

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.